Cash advance options in Canada
Payday lending in Canada is regulated province-by-province, with fee caps set individually by each province.
Borrowing may not be right for everyone. Missing repayments can lead to serious money problems and affect your credit rating.
Payday loans (provincially regulated)*
Fee caps vary by province
Line of credit
Often a lower-cost alternative for repeat short-term borrowing
Instalment loans
Fixed repayments over a longer term than a typical payday loan
Credit union payday alternatives
Lower-cost short-term borrowing for credit union members
Compare side by side
| Option | Known for |
|---|---|
| Payday loans (provincially regulated)* | Fee caps vary by province |
| Line of credit | Often a lower-cost alternative for repeat short-term borrowing |
| Instalment loans | Fixed repayments over a longer term than a typical payday loan |
| Credit union payday alternatives | Lower-cost short-term borrowing for credit union members |
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Descriptions above are honest, general guidance, not financial advice. Full side-by-side comparison also available on the Compare Options page.